1210 Melwood DrForestMS39074
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Forest at 1210 Melwood Dr, Forest, MS, 39074 offers a 9.91% rental yield on a $185,000 purchase with $1,528/mo rent. Total monthly income registers $1,528/mo, and a $905/mo payment leaves $396/mo available for distribution. Annual cash flow reaches $4,757/yr on $61,328 to close, and return on cash invested stands at 27.66% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 144.37% and total cumulative return in cash at $88,539. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,528/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39074, Forest, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,758 (100%) |
| Owner Occupied HU | 3,860 (67.0%) |
| Renter Occupied HU | 1,329 (23.1%) |
| Vacant Housing Units | 569 ( 9.9%) |
| Median Home Value | $112,575 |
| Average Home Value | $158,857 |
Housing Distribution
Address Breakdown
Residential
6,222
Single Family
6,022
Multi-Family
200
Businesses
613
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Listed by: Kayla Waggoner • Turn Key Properties, LLC
Mls Name: MLS United
Mls ID: #4123300